Word has now come out that the primary manufacturer contracted by Apple will begin building the next iPhone and is already preparing to produce 24 million units for shipping by the end of the current year. Foxconn, the company based out of Taiwan which will be making the new units has let the press know that by the end of June 2010 there will be 4.5 of the next gen iPhones being shipped out with the rest of the 19.5 being shipped around the world by the end of this year. This is a quick response from Apple after a proto type was leaked earlier and shows the company is trying to scramble to retrieve some of their surprise factor that they prefer to be well known for around the world. Industry insiders have stated that they are surprised at such a huge number because even for Apple, 24 million of a single product is definitely not a standard production level. Since 2007, the debut year for the first iPhone, only 50 million have sold and this represents quite a large jump in initial production.
Analysts speculate that the surge in production could be due to expected price cuts for this model of the new iPhone which is intended to bring in a more robust market saturation for the rapidly burgeoning smart phone market. According to reports in the tech industry, the company will be putting together a CDMA phone that will have another carrier partner this time. That means more outlets and with that, more supply is needed.